A $78B deficit, public service cuts, new tax measures: Highlights of budget 2025

As Prime Minister Mark Carney’s government moves to spend billions more on tax credits to support carbon-capture and storage projects, Canada’s environment commissioner says the money already earmarked has not been spent effectively.A new audit report released Thursday by Jerry DeMarco said government investments in projects to reduce emissions, like carbon capture and storage, have been implemented poorly, with far less uptake than predicted.